Are you on HIVE to Invest or to Milk the Cash Cow?

in LeoFinance3 months ago (edited)

HIVE is different from anywhere else I have seen. Take the traditional stock market, you buy shares and then wait for your dividends which may be paid twice a year or sometimes by the quarter.

The more you buy, the greater the dividend yield, so long as the company doesn’t go down the shitter, it does happen.

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As a new user to HIVE, you can expect dividends even if you buy ZERO shares. Where else in the world offers this…, tell me.

If you don't believe me, look at the account of @grindle who has invested NOTHING into HIVE besides his time. The value of this account is $10,833.60, all for just posting stuff.

How awesome is that?

It’s taken him 5 years to get there, but time is money and HIVE is a proof-of-brain concept.

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He's never taken anything out, no powerdowns, no HBD extraction though I have advised him to do so several times so he knows this is not pure monopoly money.

For all purposes, he's the model 'free' account.

… but this is not normal.

We are here for the money, and that’s a fact; I know I am. If you disagree, then start posting your shit on Reddit, you will get a lot more responses but sadly no tokens.

Following on from the post generated by @solominer, @azircon and @galenkp I wrote a script that highlighted THIRTY accounts that are currently being voted by my BOT and are powering down.

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While I am generally happy to share my code with anyone, the code for my voting BOT will never be published as it contains a lot of functions to determine the weight of the vote and could be exploited, presuming your account is within the list of accounts that are white-listed.

Call me paranoid, I am a cynical non-trusting motherfucker these days.

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If I already follow you, you won't be on the BOT list as a portion of my voting is manual.

Over 300 words and this article details very little so far, so here it comes.

According to @azircon's article, it appears there are a lot of milkers on HIVE, that is accounts between 12k and 100k in staked HP and likely even more in the plankton range.

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That’s fine, do what you want, HIVE is a free system and you can post, wait for the rewards, send it all to Binance, convert it to fiat, buy the groceries, go to a brothel or even participate in a little BDSM.

Except... I won't be voting for you anymore, and I would advise all the Orca’s to do the same. You bought your shares, and someone else is benefitting from your investment.

What a weird system this is…, but that’s how it is, you vote for others and make them wealthier as well as yourself.

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Now let's get back to the THIRTY users out of 327 who could get a vote whenever I fire the voting script up, which is twice a day or so. I could run it 24/7 but electricity is expensive in today's world.

Just NINE out of the THIRTY will be staying on the BOT list as I figure the power-down is reasonable. My stash, my rules and that goes for us all.

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Some of these authors are decent, and people I interact with, but they appear to have little interest in HIVE other than taking and some of the reasons are mentioned in the image.

I have little interest in calling people out, do what the fuck you want. That flippant remark appears to say I don’t give a shit anymore. I do care but only about like-minded investors.


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...'a truly model account, this is what you need to dream about'...

In the future, I will add more AI to my BOT for determining votes. It's a great exercise in coding and will reward those who are willing to grow their HIVE stakes.

On a more positive note, ...'I am looking for good authors' to replace those recently ejected from the BOT list. Benefits include:

  • Free Votes

Yeah, that's about it, did you think you might get paid holidays, insurance and a pension?

Don't be shy, I don't bite and, I will never call you out. If you are not a milking, all-encompassing extractor who can write something worthy then I will give you HIVE support regardless of your HP stash.

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Do you like posting your Urbex content and photography for FREE on Facebook and YouTube? I like to get some form of reward for my work and every time I create I do just that. Take a look at The Urbex Community on HIVE.

If you want to keep creating for FREE then ignore what you are reading. If you want to be like me and gain something other than BUGGER ALL for your work then click here and learn about posting on the HIVE blockchain.

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  • Cow Image generated by AI.

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All my 'Tales' content is easy to find on my personal website:
'Tales of the Urban Explorer'

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If you found this article so invigorating that you are now a positively googly-eyed, drooling lunatic with dripping saliva or even if you liked it just a bit, then please upvote, comment, rehive, engage me or all of these things.

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While I'm not against this recent "trend" or whatever is going on where everyone's checking how much people have sold compared to earned, at the end of the day you also gotta remember that when hive does better they'll be at a loss. So not saying don't change your votes around to support others u deem more deserving, but also something to keep in mind when things do change around and many suddenly start coming back or hitting your dms/comments, to also remember then where they were and what they did with their stake. :D

I think we all have certain judgments and different opinions and that's what makes hive great as it is quite social after all, but it's also important not to focus too much on the negatives but instead spend time on praising/appreciating the positives and those people. Just something on my mind as markets are in the shitter and I'm seeing some people getting all aggravated and extra judgy on each other.

Looking through those 30 accounts took some time. I don't want to throw people off the BOT, as it's tough to replace them. I'm quite stringent on adding new ones, and I have yet to see a 'pick me' comment. Are they too afraid of being judged now?

'New trend' - it's been brewing for a while and I am not going to call anyone out, it's their stake after all. I run that BOT and it cycles around the 300+ accounts and uses up my surplus VP, but struggles after a while as there's nothing to vote. We need more people on HIVE, and I suppose this doesn't help pull them in.

Do we want a load of extractors or a large handful of decent people. It's like the difference between HIVE and STEEM. That chain is slowly catching up HIVE in terms of $ per token.., is this the way to go.. vote any old shit?

by trend I just mean this recent activity by many people I follow posting about this. It'd be important not to "throw fire at gasoline", I know you and others aren't going to take it too far where it might get ugly ans personal, but others will and I don't think it's the right thing to focus on right now.

yes we do need new people and it'd be great if they were interested in staying staked and looking at the future, I guess it's hit and miss there just like it always has been.

I used to hand out votes to new people, but in todays world I assume they are scammers. Sad to say I am right often. It takes a few posts for me to gain a little trust, and by then they give up.., maybe I could concoct some script to look for 1st posts, and then wait for post 2,3,4 and then decide.

I am not all negative, and look for the good people too!

As we usually say in business, one old (i.e. satisfied) client is better than two new ones. And it's not without reason. Of course, I'm up for Hive to flourish with new users, but why the hell are we losing the trusted older ones? I've seen many nice folks, passionate, active, creative, bringing first-class content - became disappointed in Hive system and withdraw their HP. While this is happening, attracting new users to Hive is like carrying water in a sieve. "New users" will have their posts generously supported, get used to it, after six months support is finished, they close their accounts, withdraw money, and start over. Dont you feel something is wrong with this?..

People think handing out free money will attract and retain more users. They value having more users. Then when they get used, they can't figure out why. Yet, having more "users" is all some care about, so they continue on with the same behavior nonstop for eight years, in order to attract more users, and continue to get used.

Interesting, talented people leave because it's depressing to work for no audience.

Sprinkling people with "rewards" just to keep them and their abilities around is disrespectful. Content creators work hard to build entire communities around their offerings.

For several years I've been pointing out the severe lack of consumers on this platform, while they continue to onboard and pay more content creators while ignoring the role of consumer.

Due to what the "Hive Community" thinks is productive, I'm now left with a following consisting of content creators that all left years ago, rather than consumers. The market or community I built up over the span of several years has no value and I can't even use those numbers to get sponsorship deals or anything. There's absolutely no future here for anyone who takes their work seriously.

And it'll be like this for another eight years as these stakeholders refuse to acknowledge it's their own mistakes and guidance creating the disaster they continuously find themselves in.

Interesting, talented people leave because it's depressing to work for no audience.

this. I dont think its the only or biggest reason, but a very sufficient, for sure.

I've been pointing out the severe lack of consumers on this platform,

this! I also tired of repeating that Hive needs readers, not authors. totally 146% agree with you.

I remember an attempt (within OCD curating activity) to reward great comments with nice upvotes. but, hmm, the results were not impressive, and I don’t know if this had any continuation other than “fading out.”

absolutely no future here for anyone who takes their work seriously.

😳

we have a bot like this in our discord, we could use some more curators looking into it, though. As you say it's not easy to determine genuine ones from fakes.

Interesting that these things are getting more commonplace, I need to revisit mine and re-code it. BEEM is long since deprecated and it needs a re-work.

I don't think that's a good comparison at the end, though. almost no users get curated there, it's all just going towards people with stake, so probably easier to keep a higher price when it's just investors even if the chain is practically dead.

Where we can see them extractors with that list? Not good with scripts.

I am not naming and shaming, that's the not the object of this..

I'm quite stringent on adding new ones, and I have yet to see a 'pick me' comment.Are they too afraid of being judged now?

I didn't want to go into this but there a people who don't like to ask to vote on them. I never asked no one to vote on my posts , I recommended some people, but never recommended me :). I think that is the honest way to play. I remember a post of yours, I recommended a user that I enjoy reading. But I doubt that I am the only one that does that, I know at least more 5 users very close to me that act in the same way!

Judgy is a great word!

I'm very judgy when it comes to this topic, but I known it's not good, from a Zen perspective!

My inequality radar is also at work.... it's easier to Vest when yr already rich which many of us here are (relatively) and Hive is just pocket money.

Some of these people cashing out are living on a shoe string and I get that, Vesting is much harder if not impossible when yr in poverty.

I would say more but I'm enjoying the luxury of being half cut on a Thursday.

I have positives from people who are in high KE. Two very different positive stories, and I am sure there are many more. I know quite a few myself. Please have a look

https://peakd.com/hive-13323/@riverflows/re-azircon-siwjf6

https://peakd.com/hive-13323/@gabrielatravels/re-azircon-six3p8

I also stand by my conclusion at the end of my post. I can prove with data that most people held and supported the community. In fact, I do not think you need any data to prove that. The fact that Hive token has any value ($0.18) is a proof that most of us held. People who stayed do generally care for the chain.

I feel as a community we are doing well

I am focusing on your positive voices here @azircon @acidyo , with the proof to back it up. It's far more inspiring. The threat of down votes, non voting and criticism and judgement is not what HIVE should be about. They say you catch more flies with honey than vinegar.

Much appreciated. If there is one thing I can communicate that would be community got your back! I am your neighbor and I will look out for you, just as I know you will look out for me. That’s why I am here!

Right back atcha!!

don't think I saw your most recent post yet, I just don't want some people to overdo it and create unnecessary drama. I.e. not focusing on who's "the worst at holding" but instead praising the best ones and looking how to create more of them and why more should aim to stay invested in the network and how it can empower them and potentially their future generations.

Yes, that is the message I prefer to deliver.

lastly, if accounts have brought value to hive in different ways, I don't think they should be completely devoid of future support just cause they don't have any stake left. There's value to having them here being active after all too.

This is a valid point. I see old players with only small stakes left come in and write really good articles when they have time or headspace and they are also good for the chain. I love seeing them there and they definitely should be rewarded for the quality of the piece, not because of past wallet behavior.

I think we all have certain judgments and different opinions and that's what makes hive great

Nice to hear that.

As I predicted earlier (in private) the extractors are exponentially higher the lower in the HP you go. I now have the top 2500 HP accounts tabulated. This goes down to 4500 HP staked, into the upper reaches of Minnows. Here is the result. It is unpublished, but coming up soon.

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KE > 1 means the the account have taken more rewards out than currently staked as HP.

There's a reason the bigger account are not above the line, and that's because we are invested. The smaller accounts (not all), take a lot and get a lot more exponentially than the Orca's.

The facts are no coincidence. I am hearing this topic is all over Discord and not going down very well. Turning the taps off never does.

I was talking to one such small account, and what Gabby here say maybe insightful to you.

https://peakd.com/@gabrielatravels/re-azircon-sixm9s

I remember Gabby from 2018, she presented her content so well and was a member of @thesteemengine (long since defunct). We go back a long way.

She developed her skills, variety over the years. I have always been very upfront and critical to her, since I supported her early on and my expectation was very high from her. She matured well and stuck around, despite sometimes strong words from me.

I am incredibly proud of her. I wish there is more like her at hive.

So 74% of accounts holding more HP than than they earned through rewards.
Significantly more than a simple majority.
Really good to see.

there is something I noticed. You said my count is KE = 1.5. which means I have less HP than I earned? I never performed power down, but the steem SP I withdrew after the fork and exchanged it for bitcoin. Is that it?

I am unsure, it could be. I haven't looked at your account history. Just pulling the following information from the blockchain database.

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I have also seen it on hivebuzz. What I find strange is that it had 1500 HP when hard fork and it doesn't reach 21K. Or could it be that it is counted double (3000)?

Fair enough I reckon. Everyone should have some standards for content to vote on.

Have you finished editing your old posts. I haven't edited my old bot and have been doing manual votes, but I want to add you back in and make my life easier.

Have you finished editing your old posts. I haven't edited my old bot and have been doing manual votes, but I want to add you back in and make my life easier.

I haven't, but as nobody has been looking at the website my enthusiasm has dimmed substantially. What is the code written in, it can't be that tough to not vote on posts > 7 days?

In any case, it could be a while before I edit another old one.

cheers @slobberchops , my guru for the name check, yup am not here for anything really other than sharing my adventures and enjoying the adventures of others.

I have my favourites and those that I follow, and I enjoy their work and vote, and I enjoy the comments I get back from my efforts. I do notice the vote weight I get, but that is secondary, get pissed at downvotes though.

Am just here to enjoy the ride, maybe one day when I need some dosh I might extract my earned HBD and thats about it. Hopefully my modest HP amount is in some way growing the hive. After 5 years I am still a clueless technophobe, maybe I am lazy but I just don't get it!!!!

I know you have onboarded a couple of explorers who jacked it very quickly as they were "get rich quick" wasters, who didn't put in the effort.

Yes time is a commodity that is valuable, and I reckon I spend about an hour minimum on each of my posts, the editing the research and trying to bring my own style is not a five minute job!! But if it amuses and entertains people then that to me is a reward in itself.

I am a man of simple pleasures. But enough of me. Anyone reading this I hope it motivates you, to stick to it

"All hail to the Hive"

Great to see you still here, you are my onboarding success story! Don't expect and you will be fine here.

I know you have onboarded a couple of explorers who jacked it very quickly as they were "get rich quick" wasters, who didn't put in the effort.

I wish she would come back, @ninjakitten was great and her account is dormant. I don't think she gets anymore feedback on Facebook than here. She would have been breaking $1000 easy if she had persisted.

... and then there was Mr Money... 😀

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Cheers matey
oh yeah him, I see him on face book he does a lot of good stull all over europe, mostly mines now. and that exploring with amy, she as a waste of time

😂😂😂

Love yr posts man!

cheers @revisesociology always good to be enjoyed , much appreciate it

In @hivecurators,
We also do similar checks before curating.
And curation is done by mostly community admins to support their community.

Screenshot 2024-08-28 at 9.06.40 PM.png

I like the checklist format, and could take some of those rules for my voting BOT. HP above 89%, what kind of criteria is that?

I had a feeling you might like this guy on the code stuff! X

It's my account's voting power.
Only if my account has voting power above 89%, it should vote.
Or else, curators will have to wait till it reaches above 89%.

via Inbox

Ah OK, makes sense.., mine halts at 84% I think. Similar ideas, but I do want to expand the parameters some.

Keep sharing ideas, I'll update my voting bot also.
My voting bot also increases the upvote value based on the HP staked.

via Inbox

My voting bot also increases the upvote value based on the HP staked.

Interesting though the BOT is capped somewhat. I do some manual curation and do give out large votes to the deserving regardless of stake.

During 2018, I remember on several occasions the thrill of getting a large one myself. It's good to reciprocate.

I try to stick to the rules we've defined but it's not written on stone.
I keep getting feedback from curators & we've lot of back & forth.
Some rules stay same e.g. minimum hive-power, no-power-down, limited HBD/Hive outgoing
Some rules change - vote weight, rules for adding curators etc.
Sometimes I also go & vote manually for some of the posts.
but most of the time, I allow hive-curators community members to utilise the voting power for curation.

via Inbox

How much load does that put on API's? We have some checks in our discord as well but not that many, wondering if it's too many and some might get mad at us. :D

  1. My Account info API - Do I have enough voting power?
  2. Author's Account info API - Is he/she on power down? Does he/she have enough HP?
  3. Post Details - Did we vote?

So, I guess, within 2-3 small API calls we managed to do most of the checks.

via Inbox

oh cool, thought it'd be more, thanks.

Most of the curation fails at this check.
Not pointing out individuals
Just sharing the fact about general curation failures.



via Inbox

Although I'm not interested in that particular function, there were some others I think we could add to our checker.

Name one (Pick one) & I'll share the code snippet for the check-list-item.

via Inbox

Working on something similar here

https://hifind.the-hive-mobile.app/ OR
https://hive-hound.the-hive-mobile.app
(hound suggests a dog that sniffs & helps you find what you need)

It'll help you find the right post.
I'll add hive-power-down check, hp-withdawal check etc.
You can set those criterias & it'll help you find & curate.

So, even if you're non-technical, you'll be able to curate & you won't need to design a bot for it.

via Inbox

Aw, you didn't put hive as your main tag 😀😀

I agree with the above. Do what you want with your money but expect that others with stake will do what they want too including voting. After all, What's fairer than that?

It's a ridiculous concept compared to anywhere else, but we accept it as it's always been like this. I figured LEO would be the best community, though I am not really a LEO fan.

Do tags do anything now?, not a lot besides give you some more almost worthless tokens 😀

I dont think they matter a lot really but I think the first one still counts more for whatever reason. Normally if you tag the first one as hive you will be there all day answering comments 🤣🤣

Normally if you tag the first one as hive you will be there all day answering comments

I knew this was coming, the reason I rarely write HIVE content.., its a hot potato!

It is and it doesn't subside!! And the trolls, you are almost guaranteed an angry response or two

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I haven't put a penny of fiat into crypto, but I have written a lot, curated a lot, and not really powered anything down since converting all my STEEM to HIVE in 2020. Hive Power Up Day is right around the corner, and I plan to stake 100 HP again. I do delegate a chunk of my reserves because this year has been full of interruptions to my curation, but I still strive to engage semi-regularly.

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Is there a way to adjust the script so you can see how many people you are voting for that have 100% of their HP delegated to different accounts? Those are some of the ones that get me because you know you will never get a reciprocated vote from them. Not that I expect that, but it's just another interesting dynamic. I've seen a lot of chatter about these recent posts, but those same people who would argue it's their stake to take out if they want, don't realize it's also your stake to not vote if you don't want to. It will be interesting to see how many people paint you as the bad guy when the facts prove much different.

I’m curious what u think of the conversation in SGS discord yesterday?

Okay, I am pretty much caught up now, I have some opinions, but I probably won't share them here, or there. Feel free to DM me, but you might not like what I have to say. :)

I'll have to go back and look at it. I have three different communities that I try to be active in and I usually fail pretty miserably at two of them!

Was about some big accounts down voting to zero out posts from someone apparently powering down. I’m with the not upvoting those doing so but I think a whale zeroing out posts that are legit real posts is pretty lame.

!PIMP

I reckon Hive enabling anyone with stake to tax anyone else is a primary reason for Hive's failure to moon. DV's are taxes. Can you imagine if anyone could tax anyone else IRL? No one could get any business done if Ford could slap a 100% tax on Toyota, and we've seen how that plays out on Hive and it's precursor.

Thats an old, proven technique to kick unwanted users out of Hive. This is not the first time we see this and it will not be the last time. The question how to deal with it remains open.

Is there a way to adjust the script so you can see how many people you are voting for that have 100% of their HP delegated to different accounts?

100% is rare, but I see 95% and upward occasionally, and yes.., it's very possible to write a function to do this. In my case, I submitted the whole voters array, and it checks them one by one (very quickly), and only returns the culprits.

who would argue it's their stake to take out if they want, don't realize it's also your stake to not vote if you don't want to.

...and they are right, I also have those choices.

It will be interesting to see how many people paint you as the bad guy when the facts prove much different.

Again, I am interested in the positive people who want to grow, and I am happy to help them.

That is cool that you can see that with the script. I might have to start looking at some of the accounts I vote on myself.

People will whinge, maybe even people you support that are extractors on this list...which I have seen privately. Some I actually support too...but not any more.

Freedom is for all, including upvotes, downvotes and no votes.

@slopperchops you are among my top voters and I appreciate it, I let my son power down my account for money he needed to move and get an electric pole on his new place, he did not want to do this, he had to do the same with his account. @solominer said our accounts were not what this is about. I just wanted to let you know that I am here to stay and will rebuild one post at a time. I love Hive and the people who use it. Thank you for supporting me.

As you say, people can use Hive as they want, but should expect that some will judge them by their behaviour as well as their posts. Another red flag is not responding to comments.

I know people I hope for cash some out, but they may be using Hive as part of their income stream and that's fine as long as they are adding value to the platform.

Given how Hive struggles we need people to be making it a better place to be. I'm not powering down for now, but I'll consider it when the price recovers.

I'm not powering down for now, but I'll consider it when the price recovers.

Same, in hindsight we could have a LOT more HIVE now if we did the right thing in 2021.

I know people I hope for cash some out, but they may be using Hive as part of their income stream and that's fine as long as they are adding value to the platform.

Yes, but not most of it. It's us who are giving them these tokens.

Right on! ✅

The names of extractors on your GONE list was interesting (the names you shared privately) and some I support...but that will be changing of course. Nice work.

I would look them up yourself as my ideals may not match yours. I need some more now to replace them, there's a lack of decent authors on HIVE, and ones that give a shit are even harder to find.

Yeah, I always do. Looking up wallets is the first thing I do, then I choose whether to vote or not.

I'm half cut in the pub and on my hotspot noticed almost 300 comments already, gonna start reading them but BANG ON!

I have precisely TWO people who I vote for and I don't give a shit if they cash it all out, but they're extreme off-gridders and I'm happy to support that.

If yr just an ordinary user with a relatively small stake, FFS keep HALF in at least!

Otherwise I won't be voting for you!

Basically I support this 100%

Keep half in, that's essentially it. Do what you will with the rest!

It's pretty basic really, right?!?

I'll be writing up a similar post. I saw a few of the earlier posts, and have been looking deeper before I vote. I have to admit, after sleeping on it, and looking at some of their past behaviors, I feel a bit stronger about it. I don't know their intent, but I have to admit I feel a bit betrayed that I found at least 4 of the folks I typically give 50% or even 100% votes on nearly each post were doing this kind of behavior. Yes, they have some good content and posts (I curate manually), but I'm feeling more and more offended that they are not supporting overall HIVE after all the support I've given them. I'll also be announcing this and pulling my votes completely or dramatically reducing it from their accounts. Maybe a couple of them just need some education on how to help build, but a few of them I'm sure know the system better than I and just shame on them.

The trend has started, and it's causing waves I hear. It's probably bad for HIVE as everyone talks about the shit and the good tales are kept underground. Share some good authors with me and I will support them... after you have thrown out the chaff! 😀

You know, I agree with a lot of what you say here and I have expressed it. It's a bit complicated sometimes to say these things in my country (to my fellow countrymen), because here people are having a really hard time economically. But I think there is also a question of balance that people don't have. And I also think there is a lot of selfishness. Coming to Hive to just milk the cow without feeding it is really selfish and it hurts us all in the long run. Maybe sooner rather than later.

When I talk about my country, I mean my reality, what I know, but in other places like Venezuela and Africa... you know, it's complicated too.

I think there is a cultural issue here too. The mentality of a first worlder is not the same as that of a third worlder.

However, I told you, I agree with you. Those who don't care about growing, building, or supporting others should not have so much support, and the same goes for those who do not providing value, not only in posts, but also in comments, this is a social network, where relationships are built...

Either it is lack of vision or it is selfishness and we should not applaud that.

Have enjoyed some freedom from the norm, will stick around. Some give, some take, it's everywhere at least own choice still exists.

Call me paranoid, I am a cynical non-trusting motherfucker these days.

All the above, it's a weird wonderful world, money means nothing if you don't spend it one day. 🙃

money means nothing if you don't spend it one day.

Yes, you are right. I might never see it and @dismayedworld will inherit the lot, that's if she can figure out this complex maze.

Many appear to have taken a sabbatical, especially noticeable with older bloggers, time, changes who knows. Maze is complex pity many abuse that as well.

money means nothing if you don't spend it one day.

I have a slightly different opinion on this, different angle of view: to have a lot of money is a good thing, make life easier and pleasurable - but after all, you die and your spirit goes there without your savings; important things that you leave here are not about money, thus you should live your life not for the money, biasing on other things (and - surprise! - thats how life was established before the epoch of matured capitalism).

We arrive with nothing, leave the same way, everything in between is up to interpretation. Brought up with belief 'you eat to live, not live to eat..'

Earnings make us comfortable, work hard play hard 🤣

"...everything in between is a filler", lol 😉

It feels like there is a "shifting winds" (for lack of a better term) on Hive as of late, with all of these similar sorts of posts taking place. I don't know why but it feels exciting to me. Like change coming before a storm. It's probably nothing but somehow it feels like Hive is abuzz - (no pun intended).

A change is coming... perhaps? I don't want all this to be negative though.

I don't see this dialog as a negative thing personally.

Reaching 10K without any financial investment is incredible, especially with the dedication and time @grindle has put in. Kudos to you! I can't wait to see where things are in 5 years.

Everyone has the right to manage their hive as they see fit, but they should be prepared for the potential positive or negative consequences of their choices.

Ultimately, I'd love to see people contributing to the community, not just as producers but as consumers too. I believe this will lead to a healthier ecosystem, especially as more people realize it’s possible to do so without an initial financial investment

I don't plan on powering anything down anytime soon—I'm counting on this being part of my retirement nest egg! If it doesn't work out in 10-20 years, so be it! But I believe in it!

I don't write HIVE articles very often, you can see the amount of comments left.., it's like a full time job responding to them, and I try to get around to them all.

It's been a continuous losing battle getting people into the right mindset. They tend to come from Facebook, and here is very different due to the money aspect.

The larger you become the more influence you have, that's how it has always been, but you have to use that power wisely.

I can only imagine how much time it takes you to respond to all the comments. You do a great job of getting through them. Honestly, I barely have time to manage mine, and I get only a tiny fraction of what you receive.

Money certainly makes a difference, but I believe the general mindset has shifted significantly. We want things to come easily, and if people can grab a few bucks here and there, or even thousands, and run off with it, many will take that opportunity.

I get this mindset, shoot, I honestly do it at work sometimes depending on what needs to be done. However, in my line of work, even if I go the extra mile, I don't receive any additional benefits for it. But here on Hive, it feels like if you're willing to go the extra mile, it can really pay off.

When I started here, I got barely nothing. It was STEEM then, and by the way.. take some time to read about the divorce in March 2020. It's a captivating story.

https://decrypt.co/38050/steem-steemit-tron-justin-sun-cryptocurrency-war

But as I was saying.., my posts where getting $0.00. It was disheartening, so when I see you come along and invest a load of fiat into HIVE, I don't want you seeing this. It's a shitty feeling..

Hive is for the long term and with a bigger stake its more fun so I continue to build and grow my HP holding. Also now is the best time because after 2020 we have the lowest hive price now.

You look like you have bought some HIVE at some point, and that's a decent reputation, that exceeds mine.

Yes I have bought hive at discounted price and the goal is to have 100k HP. I have added 19k+ HP this year so far and still on my way to accumulate as much as possible.
Yeah.. reputation is decent indeed.

I can understand some cash outs but yes I do agree that their are a lot of milkers out there which is not helping the price at all. There was and still is to some extent so much negative pressure on the tokens price it was kind of crazy. We also have seen that hive has mainly been a promoted platform of come post here and get paid for it in a vast majority of it's marketing efforts so of course that's what you now have. I'm hoping this mentality can change but it has to come from the community as a whole.

It's always about the money, it's the same for me.., I am not going to say I do it solely because I enjoy posting here. If there was no tokens, I would not be here.

We need more people who are willing to invest. It's as stable as any other crypto and I have seen it lower in value that the current price. Expectation is the killer, people want it NOW, without doing anything.

agreed I do it for the money as well but I do a balance of it all which supports the blockchain as well. Rest of this year and rolling into 2025 should be an interesting one.

I'm also leaning more and more towards layer two tokens on hive which have revenue streams behind them even if it's just ads which should further improve the price values and help offset the bleed that's been happening. The money has to come from somewhere. But as an investor on the outside looking in you're only going to see extraction of money and nothing to really replace it at the moment.

I'm here for the long term. You know at this point even if Hive did fly above a buck, I would really find it mentally challenging to power-down. Even if I knew most of that would just rest in HBD and would be used to rebuy when the price dropped, I'd still find it had to get that power down button. Silly... but there you go. I always hope we can attracted more likeminded people.

As for your voting suggestions: I think I suggested a member of the Japan community last time you asked, so I'll just suggest all of the community this time https://peakd.com/c/hive-158302/created. Altho some of the members are starting to get more support from Acid and some of his group, it is still fairly low. Most of them are trying and always translate their articles. Well I haven't checked their wallets so I don't know what they do with their earnings. But at least a few of them are putting a lot of money into growing the Japan community. Anyway, I always try to support many of them in there and I'd welcome any help you would be willing to give as well.

[Edit: To give two names go-kyo manages the community and always makes a strong effort. akipponn is also quite involved. She is going to the next Hivefest I believe. If they pass your bot checks, I think they'd be good people to support.]

Thanks, I will have a look, it seems people are 'scared' now, and they need not be. I won't be at the Croatia Fest this time, it's a little expensive when you want to bring your wife as well.

I'm a shitty author.. but I post a vlog everyday AND.. I'm not scared to ask for the occasion upvote..

You are a dedicated big bassa and it's awesome 😀

I'm far from being a big investor, but a small percentage of my HP comes from personal investment, because when I saw how much Hive was giving me, I couldn't help but do my best to try and support it.

That's why I've never done a power down.

I got most of my HP for free, from Hivians/Hivers who thought I was worth a share of their wealth - because this is what happens when someone upvotes your content: they share with you money they could have shared with anyone else or burned - so I've always thought that the least I could do was trying to help Hive grow.

This doesn't mean I'm not here for the money.

I discovered Hive for the money. I signed up for the money. Sure, money played a big role.

But I didn't stay for the money. Even if my earnings aren't low for Hive's standards, they are low when compared to the effort I put in the posts I write to get those earnings.

Yet, I'm still here... why? Because I sincerely believe that Hive has much more to offer.

And, imho, people who don't get this, will never really appreciate what they get from Hive. They will never aim to grow further their HP. They will easily sell their rewards because all the see are easy earnings.

I'm not saying people aren't entitled to spend their money how they wish.

I'm saying that if you are only taking out from Hive without giving nothing back, I'm not going to share with you my wealth.

I'm happy to see that lately a lot of big users are talking about this: a lot of users look at you as a source of inspiration, so you have the power to help people understand that Hive isn't a faucet and that if a faucet is what are they looking for, well, please go and keep looking somewhere else.

Sorry for this long reply... when I care about something I often tend to become verbose 😂

I didn't know you were a coder, I sent you a comment on your last post. I always love other snippets and especially libraries I have never used before, very cool!

Hope you stick around!

I didn't know you were a coder

I wish I was! I've started learning a bit of python in my free time during past March, but then I had to stop after a month due to too many things to do at work.

Now I'm on holiday, so I'm trying to take advantage of this time to practice a bit, learn new stuff and, hopefully, build a more solid knowledge :)

Hope you stick around!

I'm here for the long run!

I don't see myself as a proper coder either, these guys who do it properly can run rings round me, but I can get things working.. in a fashion.

tbh, just from 2 of your snippets (the one in this post and one other I saw some weeks ago which involved sounding an alarm whenever there was a swing in the value of some tokens) I can tell that you are the kind of coder that I'd like to be some day: you have a task that you'd like to automate and... boom! you write some code to get the job done.

I'd love to be able to solve real world issues the way you and other coders do. Even if I may never become a paid developer, just being able to make easier my life and/or my work by writing my own scripts would be such an incredible feat!

The same for my account. I think one of the best and interesting sides of HIVE is that one can start from scracth and build a valuable account, and then reap the benefits.

Yeah you can, keep going and time the powerdown for the next altcoins bull.

Hi dear @slobberchops I was wondering if a similar kind of exercise with different parameters applied should be done for Hive witnesses and folks using DHF? Thoughts..cheers

Now, that's an entirely different topic, one I don't want to dip my toes into.

I don't want to dip my toes into.

Good point and one that needs looking into.

I am interested to see where I would fall on this chart. Probably on the Krampus list.

Your account looks solid, there any many worse than yours!

I am here for long term.. investor..cheers

Cool program. That power down example has more value than my whole account. That puts it more into perspective how it can hurt the blockchain and those voting on the accounts. I'm really liking how the big accounts are making an effort to promote ownership.

I wish I could find some decent startups, I would give them a lot of support.

Azircon seems to be recruiting in SPL discord. Maybe look at OCD highlights, or if you want to go down the rabbit hole, really new users with the tag introduceyourself or introduction.

I love Brothels and BDSM. Hive is the place to be if you like staff like that.😂

We have one one HIVE, new account, sizable stake.., but all in German. I don't understand a word.

https://peakd.com/bdsm/@khviola/keuschheit-or-eine-erste-einfache-session

This is a full guide on BDSM! Germans are probably Masters of the Art

me too, share the knowledge!!! Pictures a welcome bonus

Pictures... you will have...

image.png

https://peakd.com/bdsm/@khviola

she now has 6 followers and I am brushing up on my german !

LOL!

seems like our friend from Finland has powered down everything and is vacating the hive, a replacement was needed

Yes, lots going to Binance... a shame.

Note those pics are AI-gen, hehe.. no-go!

Share some experience then 🤓

hmmm. If @slobberchops allows it I will share just 1 about BDSM

Are you on HIVE to Invest or to Milk the Cash Cow?

Neither nor.
For me HIVE is a blockchain on which I store my ideas, thoughts, memories and experiences (as long until the next flag war will drive me away again). :-)

Are you going to Split? not that I am this time ;)

I am living in the Philippines now - which doesn't mean I couldn't go to Split but contributed to my decison not to come.

Maybe another time, would be nice to meet you again one day!

@bingbabe says hello, she found both of you before me 😀

Please forward our greetings to her, too! :)

You know, when HIVE dropped last time we all regretted not buying more. For first time in ages I'm adding 'buy hive' to the ledger in my head when pay day comes around. I have appreciated all this positive encouragement for people to hold onto HIVE.

It's not meant to be negative, I want to encourage the correct types of people, finding them is the issue.

Good point, I also need to screen the people I regularly (auto)vote if they are notorious "milkers".
One of the accounts you may vote is my 2nd account, @stayooutoftherz (with an additional "o") for shorter posts 😀.

did you think you might get paid holidays, insurance and a pension?

ya, if hive goes to 5$ :)

I'm hoping for $2 again, like 2021.

'if', like once upon a time they have said in Spartha 😅

That's exactly the solution to the problem. If everyone stopped voting for accounts that only aim to extract value the issue would not be there to begin with.

As someone who has been here without a break since the Steemit days (July 2017), I feel I'm using the platform for what it's designed and I just highly enjoy it still regardless any earnings. Have a blog to write about things that genuinely interest and help me while keeping the Hive that I earn staked. The platform is certainly not without its flaws though.

It's badly flawed but it's my home, I love it here.

Actually I estimated that I need to make 550k Hive power, and then I will extract some value back, in am at 15% now with 82K. I do have 9 years until I retire, hope everything works well. Hive is one of my 4 retirement pillars.

Are you really from the UK?

image.png

Yeah, Bedford. Close to Stevenage. Rest of the family in Corby.

Bedford is my home town and I'm still nearby. We need another meetup around this area and I hope you can come.

If I am not at work, or away, I will be there, just tag me. I do go in holiday from September 2 to 15

It won't be that soon. I'm off to Hivefest next month.

Me too, see you there. I got a plane on 9.9.24 at 17pm. When do you go?

@slobberchops, I'm probably going to end up writing too much here, but who knows?

In some sense, Hive creates its own dilemmas in this arena. If the community — in a broad general sense — is going around pitching the idea that you can "get rewarded for creating content on Hive," you (global "you") set up expectations that the consequence of creating here is that you'll get rewards.

But what do "rewards" really mean, to people? For the vast majority, it likely means "I'm going to get something I can go buy a pizza or fish-n-chips with." Or pay their car insurance with. Or something. And so... they power down and sell the Hive. And buy pizza.

Hence, back in the day, I would always slam my head into the keyboard every time I saw someone advertise the community, using this shitshow as incentive for why people should join.

As far as I am concerned, that stuff is dumb and misguided as fnck not because it might not have been true at the time, but because of the psychological makeup of someone would chase that sort of claim.

Short version: If you tell the world you have a cow that gives the best milk on the planet, expect some milkers to show up! You're also going to get a huge share of milkers from developing nations where the sort of rewards you can gain on Hive materially helps underwrite an otherwise hardscrabble existence in their home countries.

And yes, I am someone who has powered down substantially twice, both times to help pay tax bills that would otherwise have made us homeless. But that's beside the point, here.

But the challenges faced by Hive are not unique to Hive. I started creating content for rewards in 1999, on epinions.com, the first (at least to my knowledge) site where user created content was rewarded via revenue sharing. There were loads of "milkers" then, as there have been on every one of the near 50-ish content creation sites with rewards I have been part of, since then. It's simply part of the nature of the beast. There is no "fix," unless we can fix human nature!"

In a sense, the "fix" is precisely what you're doing... voting with your influence in the way you believe best represents your vision for the community... and not supporting dodgy stuff.

Which means spending substantial time and effort manually checking and re-checking where your influence gets distributed. Even with my silly 7-cent vote, I still do that...

Frankly, I'm just really happy this place is still here, after eight years! And I'm really happy it at least resembles the "social blogging" genre that was popular around 2001-06.

Edited to add: In direct response to the title of your post: Neither. I'm here to practice my writing, and because I really enjoy the blogging format; I don't like X, TikTok and that whole show and I don't do videos. If personal financial hardship dictates, I will "milk the cow," but I'd rather not. In an ideal world, my HP would continue building, and my liquid rewards would become HBD savings. I don't live in an ideal world, alas...

You put it very well; nuff said. 🐈

I am here to publish my content on a platform that is free speech and cannot be censored or deleted.

The money is just a bonus.

That's a great ideology.

Shit ton comment alert. Dang, dude, 353?! When you released this, I saw someone asked for a tools reference and you linked it. I meant to bookmark it.. oops.

Mind showing where the hell that is in all 353 354 of these comments?

Cheers.

Exactly.., no more posts like this... 😕

You're a popular dude, dude.

Am I imagining you linked a Hive tools page somewhere in these comments? Coulda swore I saw one a couple hundred ago.

They are not mine, but some other discussion.. or that bpc dude who likes to spam.

Out of 7,540 HP I have, I purchased closed to 3,900 since March 2022 and never powered down since then.

What a weird system this is…, but that’s how it is, you vote for others and make them wealthier as well as yourself.

Can live with this :) One of the good things of growing an account is sharing some Hive love!

PS - seeing that code snippet remembers me that I definitely have to get back on track on my python lessons... I want to learn to to fun stuff like that too.

Cheers! !BEER

Ohhhhhh Slobberchops... I was thinking about your name yesterday at work for some reason and then of course your Avatar Img popped in my head.

Then... I find this fascinating post.

What a time to be alive. I know Facebook's Algo can READ MY MIND... but apparently so can you?

Weird.

Hell of a post and yes, I must agree, this is much better than the "Fuck All" rewards I get from Zuck stealing my info and selling it to the highest bidder :P

Always a pleasure, have a great day :)

I am curious why you don't consider lending HBD to Hive by putting it in savings accounts at interest as investing. That helps to reduce the amount of Hive tokens on the market, which should also put upwards pressure on Hive token price. It's something I have done and I didn't see any downside to the platform. I'd appreciate being schooled if there are some.

Thanks!

I have a decent amount of HBD in savings, makes sense at 15%.

I was wondering about one of the 'GONE' items on your list. Perhaps it was the powerdown rather than the redirection of stake to HBD from staked Hive.

So you mean I can have an investment of over $10k even without adding any money
I have to work hard more then
My account is still quite new and I already have 122 HP
I just started getting active though

I started 6 yrs ago on Steem too - my account reached 36k without direct money investments. Not sure it is possible now, but all happens. 🐤

He started in 2019, on STEEM.. but yes it's possible.

Hmm
Even though I have a long way to go, I will do it!

i would like be an staker of hive but in this time i need the money and with my hbd i paid a few things; i like a lot see code with the hive api, nice work with that :D

I am not here to judge you, it's you stake after all.

I'm here to learn more.😊😊 Want to witness a high value of Hive too.😊

Planning to stay in the platform and be able to reach what you reached.😊 I think it would be 10 years from now?

I'm hoping my stay runs smoothly. 😊

I guess being in HIVE will always be an investment. You use your time to grow in a blockchain that has a lot of potential for the future. Along the way you will learn about its technology and the way in which the community integrates into the ecosystem; the most important thing... You are already part of that exponential growth.

The time I attended an event at Labitconf where HIVE was promoted and highlighted to the rest, I felt that we are facing a unique opportunity that we must seize with great enthusiasm. Above all, we have a commitment to give back in some way. I believe that the main way is to support this growth to which we are all aspiring.

Now from an economic point of view, undoubtedly many of us are interested in generating profits and that is something that I think is fine, because that is what is expressed as interest and that is characteristic of Web3. However, there must be a retribution and that is to add value, which could be enough with the creation of content but we must also take into account the way in which we manage our rewards for the growth of HIVE.

I guess many will have their strategies and most of us go to increase our HP considerably. And what happens if we make withdrawals? In that case each person has a different story to tell and we cannot judge without knowing what situation that person is going through. In that sense, I suppose we all have bad days and good days, low seasons and high seasons; days when the sun comes out and others when we only see clouds.

I set out to accumulate HP with the intention of growing with the community and although I am delegating virtually all my HP, it is only in the pursuit of maximizing profits with which to see if I can double (in a trading attempt) that stake.

Many times I have made withdrawals and it is something that hurts quite a bit, because it sets back that progress you plan to make. But there are emergencies or situations in which you must decide in a short time and unfortunately sometimes there is no other option. However, we are in HIVE to advance and taking that into account, you can always recover what you are missing, so it becomes a kind of replenishment of what you have previously accumulated.

If I were to talk about my dreams, without any doubt I could say that I would like to be part of the best that will happen to HIVE at some point. What better way to invest if not by doing everything possible to grow as a community?

Answering the main question, I am for the first option, even though sometimes I have to come back to reality and postpone my dreams just a little bit.

I wrote this testament only because I saw that many people had written a lot of text and I felt the need to tell what I think about it.

Except... I won't be voting for you anymore, and I would advise all the Orca’s to do the same. You bought your shares, and someone else is benefitting from your investment.

What a weird system this is…, but that’s how it is, you vote for others and make them wealthier as well as yourself.

Greetings @slobberchops

I am using a translator to write to you. Forgive the grammatical errors.

What an awesome article.

I wish my HP keeps increasing to help more Hivers around the world. Hive gives us the opportunity to grow by sharing the things we love to do, I think we should be a more loyal to blockchain and stand firm in our convictions.

This is a bet for a better world, I want hive to be the future of the internet.

Posting since 2017 and continually posting, re-investimg, posting again. Proof of brain really is the only investment that pays dividends just for being active and then passive dividends on that!

The value of this account is $10,833.60, all for just posting stuff.

Pff, Including the stuff sitting in Bitcoin, I've earned about $14,000 just by blogging. But... I've long been under the assumption it'll all crash to 0 before I ever get to withdraw it so my mindset has almost entirely taken out the 'money' aspect, short of powering up my earnings out of habit.

I never withdrew, and I likely never will other than going back and forth between BTC to see if I can make it bigger.

I've helped with projects like Holozing, I've proposed awesome ones of my own that I can't startup by myself, I ran one for years. Nowadays, I'm mostly just here to blog my thoughts and support some people's experiences around the world.

I guess I'm just perpetually lingering until maybe one day I see some more life and potential that I can encourage myself to startup my project idea in an environment more likely to succeed.

If you disagree, then start posting your shit on Reddit,

I hate the reddit environment. I've tried to dabble a handful of times and every.single.person is just a snarky piece of shit who thinks they know everything and you are somehow inherently inferior on the topic of... visa applications. Or Elden Ring equipment. or Plant infestations. I quite like how every encounter I've ever had here has been pleasant, enjoyable, civil, and small.

That's a pretty reasonable explanation. But I feel a bit sorry for the people who go out because they don't understand that in the known universe, the Hive is unique; everything else is much worse.
I have noticed quite a few times that some people are coming back.

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